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The draft of India’s 2025 Income Tax Bill simplifies the language of the complex 1961 Act. This is welcome. But the effort ...
In this blog post, I’ll break down what these schedules are, provide real-world examples, and explain how to report them on ...
Some countries across the Gulf, Europe, and Asia allow residents to keep 100% of their earnings as they impose no income tax.
The Income Tax Department has access to global financial data through international frameworks like the Common Reporting Standard (CRS) and the Foreign Account Tax Compliance Act (FATCA). These ...
The Select Committee on the Income-Tax Bill 2025 recommended this, say officials closely involved with the legislation.
Enhanced reporting for deductions [80C,10 (13A)] etc.
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